E W Scripps Q4 EPS $0.09 Misses $0.15 Estimate, Sales $615.77M Beat $602.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
E W Scripps (NASDAQ:SSP) reported Q4 earnings of $0.09 per share, missing the consensus estimate of $0.15 by 40%. Year-over-year, earnings decreased by 89.29% from $0.84. However, Q4 sales of $615.77M exceeded estimates by 2.29% but represented a 9.57% decrease from the previous year.
February 23, 2024 | 12:43 pm
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E W Scripps reported lower-than-expected Q4 earnings but exceeded sales estimates. Earnings per share were $0.09, missing the $0.15 estimate, and sales were $615.77M, above the $602M forecast.
The mixed results with a significant earnings miss but a slight beat on sales forecasts could lead to a neutral short-term impact on SSP's stock price. Investors might weigh the underperformance in earnings against the positive sales outcome, leading to uncertain price movements.
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